The following is the text of the US-Iran memorandum of understanding, as read out by a senior US official to reporters on Wednesday:

The US and Iran will sign a memorandum on June 19 in Switzerland, weeks after the Treasury sanctioned Nobitex and seized $1B in Iranian crypto assets.

A draft memorandum of understanding between the United States and Iran includes provisions for an immediate end to military operations across multiple fronts, the lifting of…